Investor opportunity with built-in income potential! Situated on two lots, this unique property offers endless possibilities for investors or first-time buyers looking to offset their mortgage with rental income. The main home is vacant, turnkey, and move-in ready, featuring 2 bedrooms, 1 bathroom, updated laminate flooring, fresh interior paint, a bonus office space, indoor laundry, and a cozy kitchen with a breakfast nook. There is a long driveway for off-street parking, a newer roof, and a newer HVAC system. Behind the main house is 2242 Elm, a second 2-bedroom, 1-bathroom home with a bonus room or office that is currently tenant-occupied, providing immediate rental income. The additional vacant lot offers even more potential — create a large garden, add RV parking, or explore the possibility of building additional homes to maximize investment income (plans have been drawn up for a 3/2 and 2/1). Conveniently located near downtown, freeway access, shopping, and everyday amenities, this versatile property is packed with opportunity!
Property Details
Price:
$450,000
MLS #:
SN26113562
Status:
Active
Beds:
4
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Listed Date:
May 26, 2026
Finished Sq Ft:
1,906
Lot Size:
12,197 sqft / 0.28 acres (approx)
Year Built:
1947
See this Listing
Schools
School District:
Chico Unified
Interior
Appliances
GO, GR
Bathrooms
2 Full Bathrooms
Cooling
CA
Heating
CF
Interior Features
CF
Laundry Features
IN
Levels
A
Main Level Bathrooms
2
Main Level Bedrooms
4
Exterior
Common Walls
NCW
Community Features
URB
View
NE
Financial
Map
Community
- Address2244 Elm Chico CA
- CityChico
- CountyButte
- Zip Code95928
Market Summary
Current real estate data for Single Family in Chico as of Jun 01, 2026
431
Single Family Listed
98
Avg DOM
288
Avg $ / SqFt
$425,857
Avg List Price
Property Summary
- 2244 Elm Chico CA is a Single Family for sale in Chico, CA, 95928. It is listed for $450,000 and features 4 beds, 2 baths, and has approximately 1,906 square feet of living space, and was originally constructed in 1947. The current price per square foot is $236. The average price per square foot for Single Family listings in Chico is $288. The average listing price for Single Family in Chico is $425,857.
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